Whirlpool of India Ltd Q1 net profit zooms 233.76% at Rs 77.90 cr
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The company reported standalone net profit of Rs 77.90 crore for the quarter ended June 30, 2022 as compared to Rs 23.34 crore in the same period last year, registering a year-on-year growth of 233.76 per cent. Net revenue of the company rose substantially by 47.97 per cent at Rs 1,983.74 crore in April-June quarter of this fiscal as against Rs 1,340.61 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 45.22 per cent to Rs 1,866.33 crore from Rs 1,285.14 crore in year ago period. Other Income grew by 120.71 per cent at Rs 30.90 crore versus (Jun'21 Rs 14.00 crore). Operating Profit surged by 111.66 per cent to Rs 117.41 crore as against Rs 55.47 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.00 per cent in June quarter. Interest declined by 42.93 per cent y-o-y to Rs 2.10 crore, while Taxation increased by 189.95 per cent at Rs 27.11 crore (Jun'21 Rs 9.35 crore).
